AMERICAN COMMERCIAL.

Press, Volume XXII, Issue 2730, 8 May 1874, Page 2

AMERICAN COMMERCIAL.

. . ;; .-, T '<: i SAN FBANCISCO. '■■■■- \_\ \ Messrs Middleton,- Bryde, and Compaby ! report oa Af arch- 26th as -f 6l lows :— ; Continued depression is characteristic of the, breadstuff market. The great decline in ■wheat,asrnotedia'blir Liverpool quotations, is tinqxpecteci and unwarranted by circumstances * usually governing the English markets. The printed mail advices contained in all standard authorities, have continually reported .light "and deficient stock's of grain and fldnr. In the United Kingdom and at ports of supply on the European, continent, and jet prjcesof wheat appear io Be fiteadilyideclining. Could the truth b£ known, ,we ; would be better satis-; fied; T)ut the esperience of the past, after close watching for more than a quarier of a century, impresses the writer with the belief ' that it is the settled pol icy / of Great Bri tairi and France to exaggerate their wants and deficiencies in the breadstuff line early in every retnrning season, and thus invite large shipments from abroad at all hazards ; aud after being well pupplied against all contingencies; the moral support of the Government is withdrawn, and prices allowed to drop below a remunerative point. Hence it is always preferable for us to sell our wheat aiid flour out and out on English, and French orders, rather than ship tipononr own or farmer's account. Iv regard to our'crbp prospect, the " Stockton Indepeudent" of a late date says the season thus far is yery encouraging . to fartners. , Although the total rainfall been as in many seasons previous, the ground lias been, thoroughly saturated, and as tliere has been but little drying weather, the ground now retains sufficient moisture to cause a very rapid growth of vegetation; If this portion of the state should: be favored with a little : rain'during April there is every reason to believe that the grain yield will be considerably larger than «Ter before. The breadth of land under cultivation in San Joaqoin county is folly c*itt*l to ftcy jKTious year, iwd a

portion of the adobe land may not have been sown sufficiently early to secure a large yield, the season has been remarkably f avorabjllbr the farmers upon the lighter and BssiPaQils. We have the most encouraging all parts of the valley, and espejraally from the west side of the San river, where an immense area is now onder 5 There has also been sown more grain than usual among the foothills on each side of the valley, and we are informed that the prospect for a crop in that direction is remarkably good. The Saa JbaqTrin~"baßin, during the year 187,2, produced 100 bushels of wheat for every'inhabitant, end unless someunforseen circumstance enouia prevent, the yield for 1874 will be even greater than two years ago. Flour —The market flags somewhat under a general decline in wheat, Oregon continues to send ualreesupplies ..... . ......Golden Age and silk-dressed extras continue, to command 6 dols. 25 cents, other brands of bakers' and family extras rule 6 dols to 6 dole 25 cents per 1961bs in half and quarter sacks/ I Superfine commands 5 dols to 5 dols 25 cents for standard brands.

Flour.—Exp'ofts'to the United Kingdom are steadily lessening." The rush is evidently over for season," and yet in the face of diminished stocks, prices ease off considerably! ■At|he : exporters are ieCurrag curjenfrjqwotations. During the week under reViewv ttie higliest price paid for a small lot of choice was 2.05d01». and the lowest price Jfpr aviSSe} Idol 85c per cental. iiverpijoF' quotationi a lre lower than. Jast week; for average 10s 10d to; 12s ld,sfpr

club 12s to, I2s 6d.'; ' ' k Oats.—4t is" probable that ffie Mikado for Sydney may take a few Hundred tons, sailing on Monday next. The general market is dull and depressed. Sales for the week in lots ' include " ICJOO sacks chbice at Idol 72£ cto Idol 76c; 1500 sacks, fair quality,'ldol 60c to Idol 65c; 1200 sacks, feed, idol 55c per Cental; (5500 sacks, California and Oregon sold for export to Australia per steamer on terms withheld.

new yobk. " Messrs Arkell, Tufts, and Co. report on March 18th on kerosene oil :— Following the advices of our last issue, oil advanced and again receded. Tbe market, however, closes a shade firmer in sympathy with the upward turn of prices in the primary markets. We quote Devoe's brilliant at 22£ c, bat with reduced rates of freight it can be laid down at lower prices Jihan formerly. The barque Etta Loring will probably carry about 9000 cases for Melbourne ; the ship New Era 8500 cases for the same port, and 8000 cases for Sydney. The advices of large quantities gone and going forward, and the heavy stocks on your side, may restrict shipments for some time to come.

The "New York Herald," of March 18thv xeporte :—■- -' -■ "..- '.■ - ; •". ■-' ''.■ ?' - : '"''" - Wheat.—The market opened quiet and easy and closed at a decline, of from lc a2c per bushel. At the concession there was a moderate demand for export. The sales aggregate about 79,000 bus. at Idol 47 for No 3 spring; Idol 49 a Idol 52 for No 2 :Chicago?Bpring; 54 for 'No 2 Milwaukee spring; Idol 53 a lddl 66 for No 1 spring in caT lots; and Idol 55 for white spring. Winter wheat ; was neglected and entirely nominal at previously quoted figares. Corn.—Market was dull and easier, closing weak at the decline. The sales foot up about 601000 bushels at 83c a 84c for damp Western mixed, 86c a 87ic.for dry do, 89c a 90Jc ]fdr new? yellow, and 90c a 93c for new Southern wbite ; old Western mixed. remained nominal. Oats were a shade easier and quiet. Sales about 36,000 bushels at 61c for black Western, 62c a 63c for Western mixed and 63c and 64c for do, white. Barley quiet and steady. Late yesterday 10,000 bushels of German brought Idol 95. Rye was neglected ; quoted at 97c a 99c for car lots, and Idol 02 a Idol 03 for boat, loads of Sta,te, Jersey, Pennsylvania and Western. ■